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The fossil-fuel theory
The predominant theory is that oil is a "fossil fuel" produced from decaying pre-historic forests. Since pre-historic forests would be a limited resource, it follows that oil would also be a limited resource. So, the theory goes, eventually we will use up all the oil reserves, especially given the increasing demands of an industrialized world where the United States must now compete with countries like China and India for available oil supplies.
Here's the problem: This theory fails to take into account available evidence. Despite increased oil demand, the amount of proven oil reserves in the world has never been larger. There is now credible scientific evidence suggesting the earth produces oil on an on-going basis and that its origin has nothing to do with fossils or pre-historic forests.
The work of Dr. Thomas Gold has generated an alternative theory. This theory asserts that oil is produced not by decayed fossils, but instead by a continuing bio-chemical action below the surface of the earth, and that oil is forced to the surface of the earth by the centrifugal force resulting from the earth's rotation.
In "Black Gold Stranglehold," we systematically expose the fraudulent science that has made America so vulnerable to ongoing oil shocks: the belief that oil is a fossil fuel and that it is a finite resource.
Experts estimate that Americans consume more than 25 percent of the world's oil but have control over less than 3 percent of its proven oil supply. This unbalanced pattern of consumption makes it possible for foreign governments, corrupt political leaders, terrorist organizations, and oil conglomerates to hold the economy and the citizens of the United States in a virtual stranglehold. There is no greater proof of this than the direct relationship between skyrocketing gas prices and the explosion of wealth among those who control the world's supply of oil.
In Black Gold Stranglehold, Jerome Corsi and Craig Smith expose the fraudulent science that has made America so vulnerable: the belief that oil is a fossil fuel and that it is a finite resource. This book reveals the conclusions reached by Dr. Thomas Gold, a professor at Cornell University, in his seminal book The Deep Hot Biosphere: The Myth of Fossil Fuels (Copernicus Books, 1998) and accepted by many in the scientific community that oil is not a product of fossils and prehistoric forests but rather the bio-product of a continuing biochemical reaction below the earth's surface that is brought to attainable depths by the centrifugal forces of the earth's rotation.
Jerome Corsi explores the international and domestic politics of oil production and consumption, including the wealth and power of major oil conglomerates, the manipulation of world economies by oil-producing nations and rogue terrorist regimes, and the shortsightedness of those who endorse expensive conservation efforts while rejecting the use of the oil reserves currently controlled by the U.S. government.
As an expert in tangible assets, Craig Smith provides an understanding of the history of America's dangerous dissociation of the dollar with precious—and truly scarce—metals such as gold and the devastation that would be inflicted on the U.S. economy if Middle Eastern countries are able to follow through with current plans to make the euro the standard currency for oil instead of U.S. dollars.
Black Gold Stranglehold is a thoughtful work that is certain to dramatically change the debate on oil consumption, oil dependence, and oil availability.
If this sort of thing happened, I'd think that it'd be wise to really divert serious funding into global warming research and also into making fuel additives that make it burn cleaner, just to hedge yer bets.
Originally posted by TheRepublic
so if oil is renewable how come the dry wells arnt filling up?
Originally posted by TheRepublic
so if oil is renewable how come the dry wells arnt filling up?